(3297) Stock Price

Takebushi Juban is a real estate company operating primarily in the Chugoku and Kyushu regions, handling property sales, rentals, and related services. The company has particular strength in acquiring used single-family homes and condominiums built 20-40 years ago, renovating them—especially plumbing and fixtures—using proprietary expertise, and reselling them.

The company's primary customers are first-time homebuyers in their 20s and 30s with annual incomes around 3 million yen, and sales of renovated used homes to this demographic form the core of revenues. Additionally, the company generates income from multiple sources including brokerage commissions on third-party property sales, fees from rental brokerage and management services, rental income from company-owned properties, and commissions from insurance agency operations.

Operations are divided into four main segments. The sales division handles both in-house property renovation and resale as well as third-party property brokerage. The rental division manages rental brokerage, property management, and rental of company-owned properties. The related business division sells residential fire insurance as an agent. The other business division offers additional services including sales of care products, equipment rental, and renovation work for elderly customers.

Under its Third Medium-Term Management Plan, the company is pursuing "Next Stage" and has raised its numerical targets for the final fiscal year ending May 2026. The company has set revenue at 7.8 billion yen, operating profit at 380 million yen, net profit after tax at 250 million yen, and the number of self-owned real estate sales at 460 units. As a shareholder return metric, the company maintains a dividend on equity (DOE) of 2.5% and aims to secure an equity ratio of 60% or higher, emphasizing stability across both profitability and financial health.

Priority investment areas are strengthening procurement capabilities and inventory turnover, developing human resources, and improving sales efficiency. The company leverages its financial strength to hold numerous properties of used single-family homes aged 20–40 years with an average selling price of approximately 15 million yen. It is working to improve the accuracy of procurement decisions based on market comparables and reduce renovation costs. On the human resources front, the company is restructuring compensation systems and training programs, supporting acquisition of qualifications such as real estate agent licenses, and developing management talent. These efforts aim to prevent employee turnover and enhance sales capability, balancing competitiveness on both price and non-price factors.

The business expansion plan centers on expanding the sales network in the Chugoku and Kyushu regions. At the time of submission, the company operates 19 stores across 17 municipalities in Yamaguchi, Fukuoka, Hiroshima, Oita, Saga, and Kumamoto. The company will identify potential store locations through dominant store clustering around existing locations and market research via advance purchases in untapped areas. Additionally, the company is strengthening initiatives to acquire sourcing information directly from property owners through web advertising and television commercials, with the goal of becoming the "No. 1 used home revitalization" provider in the region.

The company is also investing in technological innovation and operational improvements. It is implementing core business systems and sales support systems to streamline inventory management and sales processes, and building databases of neighborhood comparables and transaction records to enhance procurement decision accuracy. The company is also conducting building condition inspections (home inspections) to increase the reliability of used homes, and piloting carbon-neutral initiatives and new energy solutions to differentiate itself on environmental grounds.